* While the earnings cap
was dropped for persons over 65 as of January 1, 2000, there remains
an earnings cap of ($37,680 in 2009) during the
retiree's 65th year for those months prior to the actual birthday.
**Beginning in 2013, there is an additional .9% Medicare tax on single
taxpayers earning more than $200,000 and joint filers earning more
than $250,000.

Retirement
Plan Amounts

2013

2014

2015

2016

2017

Limit on 401(k) Elective Deferrals

$17,500

$17,500

$18,000

$18,000

$18,000

Allowable Catch-Up Contribution For
Employees 50 and Over

$5,500

$5,500

$6,000

$6,000

$6,000

Compensation Limit Under 401(a)(17),
404(I) and 408(k)(3)(C)

$255,000

$260,000

$265,000

$265,000

$270,000

Deferral Limit Under A SIMPLE Plan

$12,000

$12,000

$12,500

$12,500

$12,500

SIMPLE Plan Deferral Limit - Age 50

$14,500

$14,500

$15,500

$15,500

$15,500

Limit on Annual Benefit From A Defined
Benefit Plan

$205,000

$210,000

$210,000

$210,000

$215,000

Earnings Definition of Highly
Compensated Employee

$115,000

$115,000

$120,000

$120,000

$120,000

Limit on Deductible Contributions to
Defined Contribution Plans

$51,000

$52,000

$53,000

$53,000

$54,000

Compensation Limit To Trigger a SEP

$550

$550

$600

$600

$600

Estate
And Gift Amounts

2013

2014

2015

2016

2017

Annual Gift Exclusion

$14,000

$14,000

$14,000

$14,000

$14,000

Lifetime Gift Exclusion

$5.25 million

$5.34 million

$5.43 million

$5.45 million

$5.49 million

Estate Tax Exclusion

$5.25 million

$5.34 million

$5.43 million

$5.45 million

$5.49 million

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